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Forex for Beginners

Revealed at last! The best kept secret among successful Forex traders

Our Preferred Forex Broker

We currently trade at eToro platform. After testing several Forex platforms we find this one to be the most suitable for us. What made the difference is a unique feature that allow us to watch and copy the strategies and trades of the best performing traders on the platform. You can actually see each move the "Guru" traders make. This method works nicely for us. Since we started trading at this broker we noticed an increase of our successful trades and profits when compared to our former brokers. You may want to check them out.

Please note that all trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results. This post is for educational purposes and should not be considered as investment advice.


Forex for Beginners: How to Succeed in Forex Trading

Table of Cotents

Chapter 1: Making Money in Forex Trading

The Forex market has a daily volume of over $4 trillion per day, dwarfing the volume of the equity and futures markets combined. Thousands of people, all over the world, are trading Forex and making tons of money. Why not you?

All you need to start trading Forex is a computer and an Internet connection. You can do it from the comfort of your home, in your spare time without leaving your day job. And you don't need a large sum of money to start, you can trade initially with a minimal sum, or better off, you can start practicing with a demo account without the need to deposit any money.

Once you consider to start Forex trading, one of the first things you need to do is choose a broker, choosing a reliable broker is the single most critical factor to Forex success.

There are dozens of online brokers out there but your best bet is to go with the leader.

Based on our experience, The best online FX broker for beginners and pros alike is This Broker. Why? for starters this broker is rated among the best in trading quality, security, bonuses, payout and experience. More than that, it is much more than a simple Forex broker, it is a "social network" that allows you to copy the trading strategies of the network’s best traders (according to the company, over 85% of copied trades are profitable). You have to see it to believe it.

Now I would strongly encourage you to go and visit the above broker's site right now even if you are not yet decided whether you want to go into Forex trading. Why? because it provides tons of free education materials, videos and best of all a demo account that allows you to practice Forex trading for free without the need to deposit any money. Simply go to the site, register for a free account and start "trading" - by actually practicing and experiencing it firsthand you'll be able to decide whether Forex trading is for you.

In any case, before starting to trade for real, it is advisable that you practice with a demo account. Once you build some skill and feel more comfortable with the system you  can start trading gradually for real money.

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